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Market Outlooks

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Prysmian's new Chief Executive Officer (CEO) and General Manager to be, Massimo Battaini.
Market Outlooks

New CEO takes over as Prysmian sets up new organizational structure

On April 18, 2024, after the shareholders’ meeting, the Italian cabling giant Prysman has confirmed its new Chief Executive Officer (CEO) and General Manager to be Massimo Battaini.

about 2 years ago
WSC
Market Outlooks

WSC urges EU to work with industry on shipping’s net-zero journey

The World Shipping Council (WSC), the united voice of liner shipping, has called on the European Union to design policy frameworks that facilitate the essential role of shipping in a globally connected economy and to forge the path to net-zero shipping by 2050 in partnership with industry.

about 2 years ago
digital
Market Outlooks

Lack of digital processes in shipping complicates decarbonization game

There is a potential for significant carbon reductions through the adoption of digital processes in the shipping sector, a new study published by Global Shipping Business Network (GSBN) highlights.

about 2 years ago
A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage pot
Market Outlooks

PGS, TGS, and SLB working to asses carbon storage potential in Malaysian basin

A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage potential across the Penyu Basin area in Malaysia.

about 2 years ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Market Outlooks

Eco Wave Power’s ‘significant milestones’ keep optimism for future energy project opportunities alive

Eco Wave Power is among the companies that felt the impact of the unpredictability surrounding the economy in 2023.

about 2 years ago
UMAS
Market Outlooks

MEPC 81 questions wisdom of ‘wait and see’ approach, UMAS says

The recent meeting of the International Maritime Organization’s (IMO) Maritime Environment Protection Committee (MEPC) has increased the commercial risk for those who adopt a ‘wait and see’ approach, University Maritime Advisory Services (UMAS) said.

about 2 years ago
Illustration/CorPower Ocean's wave energy farm (Courtesy of CorPower Ocean)
Market Outlooks

CorPower Ocean joins EIC Scaling Club’s community

Swedish company CorPower Ocean has been chosen to join the EIC Scaling Club, an EU-backed community of 100+ European high-growth deep-tech champions and their partners. Supported by the European Innovation Council, a flagship program of the European Commission with a budget exceeding €10 billion, th

about 2 years ago
Illustration/French developer Sabella deploying its tidal energy turbine (Courtesy of Ocean Energy Europe)
Market Outlooks

Ocean Energy Europe appoints new leadership team

Ocean Energy Europe (OEE), a network of ocean energy professionals, has selected new Co-Presidents and Directors who will lead the ocean energy sector through a transitional period. The appointed Co-Presidents are Guillaume Gréau, Head of Business Development for HydroQuest, France, and Patrik Mölle

about 2 years ago
ABS
Market Outlooks

A universal carbon tax is coming, ABS CEO says

A universal, global carbon tax on shipping is coming, as alternative blue fuels made with carbon capture emerge as a critical step in the energy transition at sea, according to Christopher J. Wiernicki, Chairman and CEO of classification society American Bureau of Shipping (ABS).

about 2 years ago
Getting to Zero Coalition: 3 scenarios for creating Australia-East Asia green shipping corridor
Market Outlooks

Getting to Zero Coalition: 3 scenarios for creating Australia-East Asia green shipping corridor

Getting to Zero Coalition presents three scenarios for the implementation of a green shipping corridor between Western Australia and East Asia.

about 2 years ago
Illustration (Courtesy of Curtis Rusch; US Department of Energy)
Market Outlooks

US DOE opens applications for Marine Energy Collegiate Competition

The U.S. Department of Energy’s (DOE’s) Water Power Technologies Office (WPTO) has opened applications for the sixth annual Marine Energy Collegiate Competition (MECC). In the 2025 MECC, multidisciplinary teams are tasked with integrating marine energy with blue economy applications like ocean-power

about 2 years ago
BV
Market Outlooks

Op-ed: Sailing towards sustainability

Aude Leblanc, Technology Leader – Sustainable Shipping at Bureau Veritas Marine & Offshore (BV), delves into the dynamic landscape of wind propulsion for shipping and the intricate considerations surrounding its integration into vessel designs.

about 2 years ago
3D rendering of the Ammonia fuelled MGC, provided by Hyundai Mipo Dockyard
Market Outlooks

Lloyd’s Register: Safety is crucial for adoption of ammonia as marine fuel

A report by Lloyd’s Register has highlighted the need for an industry-wide understanding of the operational and safety challenges surrounding the use of ammonia as a marine fuel.

about 2 years ago
Wärtsilä
Market Outlooks

EU ETS and FuelEU Maritime to close price gap between green and fossil fuels, report finds

Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a new report launched by Finnish technology group Wärtsilä.

about 2 years ago
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